• Title/Summary/Keyword: Apartment rents

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DETERMINANTS OF APARTMENT RENTS IN THE SEOUL METROPOLITAN REGION: SPATIAL ECONOMETRIC APPROACHES

  • Lee, Dongsung
    • Journal of Urban Science
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    • v.9 no.1
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    • pp.33-40
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    • 2020
  • This research aims to analyze the determinants of apartment rents in the Seoul Metropolitan area using spatial econometrics approaches. Since spatial econometrics approaches have advantages to solve limitations of ordinary multiple regression such as spatial dependence and spatial heterogeneity. This research includes structural variables such as number of rooms and baths, neighborhood variables such as number of housing units in the apartment complex, and location variables including distances to subway stations, to traditional markets, to educational institutes, and to urban services such as parks, etc. The result shows that the accessibilities to the CBD, to subcenters, to subway station, to school, and to parks contribute to apartment rent uplift and also shows different spatial variations in rent premiums by accessibility variables. In particular, apartments located south of Han river along the Lines 2, 3, 7 and 9 have the highest rent premiums due to the accessibility to the subway.

Housing Aspirations of College Students from Post Graduation to Pre Marriage (울산, 대구 지역 대학생의 결혼 전 독립생활을 위한 주거계획)

  • Yang, Sehwa;Kim, Myo-Jung
    • Journal of Families and Better Life
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    • v.32 no.2
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    • pp.1-11
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    • 2014
  • This study investigated the characteristics of housing considerations of college students from post graduation to pre marriage. The data came from the survey with 267 college students in Ulsan and Daegu from November 26 through December 14, 2012 and were analyzed with descriptive statistics, cross-tabulation analysis with chi-squared test, and logistic regression analysis. Over half of the respondents desired to separate from parents for the adulthood and about forty-three percent of them wanted to live alone. Among the housing characteristics, location, utilities, housing type and facility features were important for the respondents desiring to live the single life, and specifically, apartment and efficiency with $33-66m^2$, low monthly rents, floor plan with bedroom, kitchen and bathroom, and good public transportations were the most and primarily preferred features of housing for their future housing consideration. The variables influencing future housing preferences for the respondents were the number of roommate and preferred housing type.

A Study on the Influences of the Estimation of Areas and Fees for Rental Facilities Affiliated with Subway Stations: A Case of Seoul Subway Lines 5 and 6 (지하철 역사 내 임대시설 적정 면적 및 임대료 산정에 영향을 미치는 변수에 관한 연구: 서울 지하철 5호선, 6호선을 사례로)

  • Jang, Jae Min;Lee, Kyung Chul;Gim, Tae-Hyoung Tommy
    • Journal of the Korean Society for Railway
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    • v.19 no.3
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    • pp.380-387
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    • 2016
  • Considering that the Seoul subway sector is expected to see extension of lines, addition of stations, and changes of operating companies, a review is needed to identify ways to eliminate or minimize financial deficits in its operation. As for deficits from the operation, additional businesses for extra income have been suggested as alternatives, but inasmuch as Western urban development (that of the subway containment area) may not be applicable to Korean settings, a practical alternative is to maximize income by efficient use of rental facilities that are located inside station properties. This alternative requires the estimation of appropriate facility size and rent for each station; few, however, have addressed this topic. At this juncture, this study aimed to draw an equation for estimating the sizes and rents of station properties by reflecting characteristics of lines and locations; a case study was performed for Subway Lines 5 and 6. Analytical findings are that rental facility sizes and rental incomes are affected mainly by the subway ridership and transport revenues, whereas the influence of ground-level commercial activity is relatively weak. A particularly great influence was found to be the value of apartment housing in areas through which the subway lines run. Stations on Line 5, which runs through areas of high-value housing, were assigned smaller facility sizes and higher rents than those on Line 6, which covers areas with relatively low housing value. The equation suggested in this study would make possible more practical feasibility studies when the need arises to estimate sales of new or extended facilities affiliated with stations.

Analysis of the Breakdown repair time of the Building Components in Public Rental-Housing Types (공공임대주택 유형별 부재의 사후보전 수선시기 설정연구)

  • Lee, KangHee;Ahn, YoungHan;Chae, ChangU
    • KIEAE Journal
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    • v.13 no.6
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    • pp.129-136
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    • 2013
  • The rental housing has played a key role to supply a decent living space for the low-income households. The owner of the rental housing should maintain and manage the building physical condition. On the other hand, rents should use the housing without any damage and pay a certain fare for the rent. A rent is classified into two types : private and public. The public rent is mainly to supply a living space for non-available home owner with a low-rent fare. Many of public rent are built and supplied by the public institution or local government. The supplier would take a responsibility to maintain the building and components, reflected by the maintenance plan and repair scope. In this paper, it aimed at providing the repair time in building components of the public rental housing such as lighting, electrical cable, paintings and etc.. The repair time is analyzed with three calculation methods which are solved by the probability and empirical approach. Results are as follows : First, the repair time of the electrical facilities are maintained with 11yr, 10yr and 7 in permanent, public and redevelopment rent respectively. The roof proof has a repair time with 14yr, 11yr and 8 in permanent, public and redevelopment rent housing respectively. Second, Most of the components has a prior length of the repair time in permanent, public and redevelopment rent sequently. There is a difference in repair time according to the rental types. Therefore, it would continue to research the difference in aspect of the living style, building physics, living consciousness and etc.